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Early Patek Philippe Grand Complication on the Auction Block

James D. Malcolmson

On June 11, Christie’s will sell a Patek Philippe grand complication from 1900 that was originally owned by the American industrialist Stephen S. Palmer. Comprising a minute repeater, split-seconds chronograph, and perpetual calendar, the watch, according to Christie’s, pre-dates the previous earliest known Patek Philippe grandcomplication by approximately 10 years. Further adding to its uniqueness is the pink-gold case made in an era when almost all timepieces of this stature were made in yellow gold. The preauction estimate for the New York sale is $1,000,000 to $1,500,000. However, the watch’s maker, unique circumstances, and provenance are sure to generate an immense amount of interest from collectors, and the hammer may fall at a far higher price. (212.636.2680, www.christies.com)

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